To send Safex Cash (SFX) from the TWM wallet, you need to install TWM wallet and restore/open a wallet address containing some Safex Cash. In this text, we will cover sending Safex Cash from the latest TWM Wallet. The first thing to do is to open your wallet.
Open TWM Wallet
To do that, you need to have a .keys file and password or backed up private keys or mnemonic seed words to recover the wallet. When you are in, you will be on the Home page of the wallet. On the left side, you will see the Safex Cash section. Always allow your freshly opened wallet to finish syncing to the current Top Block before you make any transactions.
Send Safex Cash
Sending Safex Cash is very simple. In the first field, you should write where you are sending the coins (public address), and in the second, how much you are sending.
How to know where to send coins?
If you are sending coins to someone, ask them their Safex Public Address from their TWM Wallet. They will send the address in the message for example, and you can copy it and paste it into your wallet in the field we mentioned. If you are sending coins to yourself to another address, copy your other public address by going into that wallet and copying from the Home page.
If you are sending coins to your account on the exchange, log in to that exchange, go to Balances, click on the Deposit and copy the Safex Cash Address. After that, you can paste it into your Safex Wallet in the ''receiving address'' field.
Note: Safex Wallet has one address for both Token and Cash. On Xcalibra and other exchanges, they have separated addresses. Make sure you don't send Cash on Token's address.
You can’t send more coins than you have in your wallet. In addition, when you are sending SFX, you need to make an allowance for the transaction fee, so may not be able to send your entire balance. SFX is divisible to 10 decimal places, and you can send any amount down to that smallest fraction (although it would be a little silly to send 0.0000000001 to someone and have a transaction fee of maybe 0.1 SFX).
Mixin is ring size, and it defines the level of obfuscation applied to a sent transaction. The default mixin value in the TWM wallet is 7. However, you can change this ring size and choose another mixin value, from 1 through 6 - that will reduce the size of the ring signature for the transaction and thus affect the level of obfuscation (privacy), but can also reduce your transaction fees.
Learn more about Mixin here.
It is necessary to pay some fee for every transaction on Safex Blockchain and almost all others. Lowering the number of mixin will result in smaller fees, but also reduces the degree of obfuscation applied to the transaction. The fee is paid in Safex Cash even if you are sending Safex Token.
So, when you decide where to send, how much, and mixin, you can click on Send button.
Then you will get this message asking you to confirm sending:
After that, you will get a message displaying the exact amount of the fee:
After you confirm this, you will get one last message with confirmation of submission of the transaction:
Soon after, you will see pending on your Home page and the History Transaction page. That means that soon your transaction will be executed and Safex Cash on its new address:
As soon as you finish clicking the pop ups, you may notice many more coins are gone from your wallet than you actually sent. Your balance will show the correct balance after 10 blocks, when your “change” returns to your available balance. A complete explanation has been provided here.
If you have sent the coins to another wallet you own, you will see that the amount of Safex Cash has increased on it, when you next open it in TWM wallet.
Learn how to buy a fraction of bitcoin with a credit/debit card and convert it into Safex Cash:
Find more similar posts.